Eurostoxx 50 futures managed to find support last week at 4252.00, the May 25 low. This means that for now, support at the 50-day EMA, at 4272.40, remains intact. The contract is trading lower today. A clear break of the EMA would open 4233.00, May 4 low and a key short-term support. Clearance of this level would strengthen bearish conditions. The bull trigger is at 4409.50, the Nov 18 2021 high (cont) and is a major resistance.

Fixed Income Technical Analysis Foreign Exchange Technical Analysis Homepage markets-real-time Equities Bullet Markets Fixed Income News Foreign Exchange News

Taso Anastasiou

Fixed Income Technical Analysis Foreign Exchange Technical Analysis Homepage markets-real-time Equities Bullet Markets Fixed Income News Foreign Exchange News

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(M3) Watching Support At The 50-Day EMA